Market Overview:
The global localized temperature therapy product market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and technological advancements in localized temperature therapy products. Based on type, the global localized temperature therapy product market is segmented into heat therapy and cold therapy. The cold therapy segment is expected to grow at a higher CAGR than the heat therapy segment during the forecast period from 2018 to 2030. This can be attributed to the growing demand for pain management therapies across the globe. Based on application, the global localized temperature Therapy product market is divided into muscle spasms, arthritis, and pain management therapies.
Product Definition:
Temperature therapy is the use of heat or cold to treat a medical condition. Heat can be used to dilate blood vessels and increase blood flow, which can help reduce pain and inflammation. Cold may be used to reduce swelling, muscle spasms, and pain. Localized temperature therapy products are devices that deliver heat or cold directly to a specific area of the body.
Heat Therapy:
Heat therapy is a form of localized temperature therapy that uses heat or cold to treat pain. It’s most commonly used for chronic back and neck pain, arthritis, headache, and other such conditions. The treatment works by reducing the swelling and inflammation in the affected area which allows it to heal faster.
Cold Therapy:
Cold therapy is the application of cold to a part of the body in order to reduce or eliminate pain. The most common use of cold therapy is in treatment for arthritis, which involves applying an ice pack or using a gel-based cryotherapy device. Cryotherapy uses extremely low temperatures ( usually below 40 degrees) and aims at reducing inflammation by affecting cellular activity and death along with other mechanisms.
Application Insights:
The pain management therapies segment dominated the global localized temperature therapy product market in 2017. The segment is expected to expand at a CAGR of XX% over the forecast period owing to an increase in chronic pain disorders, such as neurogenic, arthritic and cancer-related pains. In addition, factors including increasing number of patients suffering from acute pain and rising awareness about various treatment options are anticipated to boost the growth of this segment during the forecast period.
On the other hand, muscle spasms accounted for a significant share in 2017 due to an increase in prevalence of diseases like multiple sclerosis (MS). According to estimates reported by WHO MS Global Network; around 400 thousand people were affected with MS across all regions as of 2015 while around 50 thousand new cases were diagnosed that year alone which indicates a rise in incidence rate over previous years which is expected fuel demand for heat or cold therapies during future years.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of well-established healthcare infrastructure, high awareness levels coupled with relatively higher disposable income and health expenditure. In addition, increasing R&D activities by key companies is expected to fuel growth over the forecast period.
Asia Pacific is estimated to be fastest growing regional market from 2018 to 2030 due to rising disposable income and improving healthcare facilities in emerging countries such as China and India. Furthermore, increasing prevalence of target diseases such as arthritis will drive demand for localized temperature therapy products over the forecast period.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This is primarily due to the advantages offered by these surgeries over traditional open surgery procedures, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Localized temperature therapy products are ideally suited for use in minimally invasive surgery procedures as they offer precise control over the target tissue temperature and can be easily integrated into existing surgical workflows.
- Growing demand for cancer treatments: According to the World Health Organization (WHO), cancer is now the second leading cause of death worldwide, accounting for 8.8 million deaths in 2015. The number of new cases diagnosed each year is also on the rise, with an estimated 14 million new cases diagnosed in 2012 alone. Cancer treatments often require localized heating or cooling of tumor tissues in order to achieve maximum therapeutic effect while minimizing damage to surrounding healthy tissues. Localized temperature therapy products offer an effective and safe means of achieving this goal without causing any additional harm to patients’ health or wellbeing..
Scope Of The Report
Report Attributes
Report Details
Report Title
Localized Temperature Therapy Product Market Research Report
By Type
Heat Therapy, Cold Therapy
By Application
Muscle Spasms, Arthritis, Pain Management Therapies
By Companies
Medtronic, Cardinal Health, Medline Industries, Cincinnati Sub Zero, Pic Solution, Rapid Aid, Macon & Company, Carex Health Breg Inc., Life Wear Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Localized Temperature Therapy Product Market Report Segments:
The global Localized Temperature Therapy Product market is segmented on the basis of:
Types
Heat Therapy, Cold Therapy
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Muscle Spasms, Arthritis, Pain Management Therapies
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- Cardinal Health
- Medline Industries
- Cincinnati Sub Zero
- Pic Solution
- Rapid Aid
- Macon & Company
- Carex Health Breg Inc.
- Life Wear Technologies
Highlights of The Localized Temperature Therapy Product Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Heat Therapy
- Cold Therapy
- By Application:
- Muscle Spasms
- Arthritis
- Pain Management Therapies
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Localized Temperature Therapy Product Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Localized temperature therapy products are devices that use heat to treat a specific area of the body. These products can be used to treat a variety of conditions, including pain, inflammation, and swelling.
Some of the major companies in the localized temperature therapy product market are Medtronic, Cardinal Health, Medline Industries, Cincinnati Sub Zero, Pic Solution, Rapid Aid, Macon & Company, Carex Health Breg Inc., Life Wear Technologies.
The localized temperature therapy product market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Localized Temperature Therapy Product Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Localized Temperature Therapy Product Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Localized Temperature Therapy Product Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Localized Temperature Therapy Product Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Localized Temperature Therapy Product Market Size & Forecast, 2020-2028
4.5.1 Localized Temperature Therapy Product Market Size and Y-o-Y Growth
4.5.2 Localized Temperature Therapy Product Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Heat Therapy
5.2.2 Cold Therapy
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Muscle Spasms
6.2.2 Arthritis
6.2.3 Pain Management Therapies
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Localized Temperature Therapy Product Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Localized Temperature Therapy Product Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Heat Therapy
9.6.2 Cold Therapy
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Muscle Spasms
9.10.2 Arthritis
9.10.3 Pain Management Therapies
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Heat Therapy
10.6.2 Cold Therapy
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Muscle Spasms
10.10.2 Arthritis
10.10.3 Pain Management Therapies
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Heat Therapy
11.6.2 Cold Therapy
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Muscle Spasms
11.10.2 Arthritis
11.10.3 Pain Management Therapies
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Heat Therapy
12.6.2 Cold Therapy
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Muscle Spasms
12.10.2 Arthritis
12.10.3 Pain Management Therapies
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Heat Therapy
13.6.2 Cold Therapy
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Muscle Spasms
13.10.2 Arthritis
13.10.3 Pain Management Therapies
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Localized Temperature Therapy Product Market: Competitive Dashboard
14.2 Global Localized Temperature Therapy Product Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Cardinal Health
14.3.3 Medline Industries
14.3.4 Cincinnati Sub Zero
14.3.5 Pic Solution
14.3.6 Rapid Aid
14.3.7 Macon & Company
14.3.8 Carex Health Breg Inc.
14.3.9 Life Wear Technologies
